Compilation of Payment System Rules, incorporation of article – Book IX

Compilation of Payment System Rules, incorporation of article – Book IX Montevideo, July 4, 2024 CIRCULAR No. 2459 Ref:
It is brought to knowledge that this Central Bank adopted, on July 3, 2024, Resolution No. D/197/2024, which is attached.

ANA DE LOS HEROS MENDEZ
PAYMENT SYSTEMS MANAGEMENT
(Exp. No. 2024-
1
Diagonal Fabini 777 - C.P. 11100 - Tel.: (598 2) 1967 - Montevideo, Uruguay - www.bcu.gub.uy

BOARD OF DIRECTORS - RESOLUTION
Montevideo, July 3, 2024.
BOARD OF DIRECTORS
VIEWING: money transactions associated with illegal gambling and betting of any nature.
RESULTING: that from the legal framework regarding gambling and online betting, the illegality arises in the provision of services of that nature through the internet, technological platforms, computer applications, or similar when the activity is not authorized by the competent authority. CONSIDERING: I) that, with the aim of favoring a solid, efficient, innovative, accessible, and secure payment system, rules must be issued in accordance with market development; II) that in this sense, it is convenient to extend to Payment and Collection Service Providers the scope of the existing regulatory framework for Electronic Money Issuers so that they have the obligation to adopt measures to prevent such non-compliance through their services. ATTENTION: to the above, to the provisions of Law No. 1,595 of December 12, 1882, Law No. 16,696 of March 30, 1995, Law No. 18,573 of September 13, 2009, Law No. 19,210 of April 29, 2014 and their respective amendments, to Article 244 of Law No. 19,535 of September 25, 2017, to Decree No. 366/017 of December 21, 2017, to what was reported by the Payment Systems Management on July 2, 2024, and other background information appearing in file No. 2024-50-1-1175, IT IS RESOLVED:

1. Incorporate into the fourth part of Book IX of the Compilation of Payment System Rules the following article:

"Article 171.1 (PROHIBITIONS). Payment and Collection Service Providers must have adequate prevention mechanisms to avoid that through their intermediation, money transactions associated with illegal gambling and betting of any nature are channeled.

R.N°:D-197-2024
CIRCULAR No. 2459

BOARD OF DIRECTORS - RESOLUTION
2) Entrust the communication of what is established, by means of Circular, to the Payment Systems Management.
(Today's Session - Minutes No. 3715)
(File No. 2024-50-1-1175)
Débora Sztarcsevszky
Area Manager
Aar/am
Publishable Resolution
R.N°:D-197-2024
Signatory: DEBORA SZTARCSEVSZKY SLAIFSTEIN Date: 03/07/2024 17:41:37 CIRCULAR No. 2459